TAL(US:TAL) Zhong Guo Jing Ji Wang·2025-10-30 11:51Core Viewpoint - TAL Education Group, a provider of intelligent learning solutions in China, reported its unaudited financial results for the second quarter of fiscal year 2026, ending August 31, 2025, showing significant growth in revenue and profits [1]. Financial Performance Summary - For the second quarter of fiscal year 2026, net revenue reached $861.35 million, a 39.1% increase from $619.36 million in the same period last year [4]. - Operating profit for the same quarter was $96.10 million, up from $47.62 million year-over-year [4]. - Non-GAAP operating profit, excluding stock-based compensation, was $108 million, compared to $64.52 million in the previous year [4]. - Net profit attributable to TAL was $124.08 million, a substantial increase from $57.43 million year-over-year [5]. - Non-GAAP net profit attributable to TAL, excluding stock-based compensation, was $135.84 million, compared to $74.33 million in the same period last year [5]. Half-Year Performance Summary - For the six months ending August 31, 2025, net revenue totaled $1.44 billion, a 39.0% increase from $1.03 billion in the same period last year [6]. - Operating profit for the half-year was $110.44 million, a significant rise from $30.29 million year-over-year [6]. - Non-GAAP operating profit for the half-year was $132.96 million, compared to $65.40 million in the previous year [6]. - Net profit attributable to TAL for the half-year was $155.37 million, up from $68.83 million year-over-year [6]. - Non-GAAP net profit attributable to TAL for the half-year was $177.88 million, compared to $103.94 million in the same period last year [6]. Management Commentary - The President and CFO of TAL stated that the core business made progress, with revenue from quality courses and learning devices showing both sequential and year-over-year growth [7]. - The company emphasized its commitment to investing in user experience, technology, and educational model innovation to support business development [7]. - From a strategic perspective, TAL plans to prioritize resources in core areas important for long-term development, aiming to provide innovative learning solutions and quality educational content to a broader audience [7].